WEST SACRAMENTO, Calif. – The following statement is attributable to California State Teachers’ Retirement System (CalSTRS) Director of Corporate Governance Anne Sheehan:
“While CalSTRS is disappointed Trian did not prevail in their bid to seat a slate of nominees to the DuPont Board of Directors, we are encouraged by the changes Trian Partners have driven at the company. DuPont has acted on many of Trian’s early recommendations and, as partners with Trian, we are prepared to work from the outside toward long-term growth in collaboration with the board.
As an institutional investor, CalSTRS is committed to the proposition that better corporate governance leads to greater long-term value and increased returns. Numerous studies acknowledge that diverse boards initiate strategic changes more effectively, increase the exchange of ideas and lead to better performance.
In this video, Vice Chair of the Teachers’ Retirement Board, Harry Keiley, explains the role CalSTRS played in the naming of Facebook COO, Sheryl Sandberg to its board of directors and why the advancement of board diversity creates better long-term shareholder value.
As an institutional investor, CalSTRS advances the practice of long-term value creation. CalSTRS is committed to the proposition that better corporate governance leads to greater long-term value and increased returns.
In response to media reports of a company that has failed to uphold the highest ethical standards, Harry Keiley, Vice Chair of the Teachers’ Retirement Board, explains why good corporate governance is significant to ensuring retirement security.
CalSTRS advances the practice of long-term value creation. We recognize the need to protect and grow the assets California’s educators have entrusted to us. However without fundamental changes in market practices, billions of dollars, millions of people and the health of our planet are at risk.
In this video, Vice Chair of the Teachers’ Retirement Board, Harry Keiley, explains why bolder environmental, social and corporate governance efforts are necessary to sustain the environment and increase returns.
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